In the latest close session, SharkNinja, Inc. (SN) was down 1.1% at $152.83. The stock trailed the S&P 500, which registered a daily loss of 0.19%. Meanwhile, the Dow lost 0.59%, and the Nasdaq, a tech-heavy index, lost 0.05%.
The company's shares have seen an increase of 9.72% over the last month, surpassing the Consumer Discretionary sector's gain of 1.02% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of SharkNinja, Inc. in its upcoming release. The company plans to announce its earnings on August 5, 2026. It is anticipated that the company will report an EPS of $1.09, marking a 12.37% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.64 billion, showing a 13.45% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.14 per share and a revenue of $7.2 billion, representing changes of +16.29% and +12.44%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for SharkNinja, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.36% higher within the past month. At present, SharkNinja, Inc. boasts a Zacks Rank of #2 (Buy).
Looking at valuation, SharkNinja, Inc. is presently trading at a Forward P/E ratio of 25.19. For comparison, its industry has an average Forward P/E of 16.13, which means SharkNinja, Inc. is trading at a premium to the group.
Also, we should mention that SN has a PEG ratio of 1.94. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Consumer Products - Discretionary industry was having an average PEG ratio of 1.6.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).